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July 2014 Archives

Owner of Citadel LLC files for divorce

Pennsylvania investors may have read of the recent divorce filing made by Kenneth Griffin, the founder of Citadel LLC, a Chicago-based hedge fund. Whether Mrs. Griffin is entitled to any of the assets held by Citadel will ultimately be determined by a number of factors, including the strength and the validity of the prenuptial agreement the couple entered into shortly before their marriage in 2003.

Divorce may affect credit status

Pennsylvania residents may be interested in a recent article explaining strategies for the division of a home at divorce. Disentangling oneself from a jointly purchased property presents issues that require consideration, such as actual marital status. For example, if someone attempts to purchase real estate while still legally married, his or her spouse would have a legal claim to the property unless he or she were to sign a quitclaim deed to relinquish interest in the property.

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